Wall Street leads global stocks slump as Covid-19 infections rise October 26, 2020 Wall Street suffered its worst daily decline in weeks today as global stock markets posted losses amid a rise in new Covid-19 infections. There was a sea of red across the major US indices as markets closed this evening, with the S&P 500 posting its sharpest daily fall in four weeks. The downbeat sentiment across [...]
British Airways ends in-flight food partnership with M&S October 26, 2020 British Airways today confirmed that it is set to end its three-year partnership with M&S to provide food on short-haul trips for economy-class passengers. A spokesperson for the airline confirmed the move: “We proudly launched our buy-on-board catering in 2017 with high street favourite, M&S. “After a successful journey, we are headed off on a [...]
Canary Islands and Maldives added to quarantine free travel list October 23, 2020 The Canary Islands, the Maldives, Denmark and Mykonos have all been added back on to the UK's travel corridors list, transport secretary Grant Shapps has confirmed.
Netflix earnings: Is the streamer’s pandemic party coming to an end? October 20, 2020 Netflix will be in the spotlight after the bell this evening as it publishes its earnings for the third quarter. The streaming giant has had a bumper 2020 so far as millions of people have turned to home entertainment during the coronavirus pandemic. But as competition from rivals heats up and the impact of halted [...]
Flybe to fly again next year after administrators agree sale to Cyrus Capital October 19, 2020 Collapsed regional airline Flybe will take to the skies again next year after its administrators agreed for it to be sold to a firm controlled by hedge fund Cyrus Capital. Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme [...]
FTSE 100 closes deep in the red amid new coronavirus lockdowns October 15, 2020 London markets plunge on increased social restrictions, with travel and leisure firms dragging FTSE 100 lower
Ryanair makes further winter capacity cuts as it shuts three bases October 15, 2020 Ryanair (RYA) has cut its winter capacity from 60 per cent to 40 per cent of last year’s levels as it contends with further flight restrictions across Europe. The budget airline said air travel to and from much of central Europe, the UK, Ireland, Austria, Belgium and Portugal had been “heavily curtailed” due to the [...]
Global airlines get nearly £100bn in state aid and bailout funding October 13, 2020 Easyjet last week became the latest airline to indicate that it may need more money from the state to deal with the financial hammering it has taken at the hands of coronavirus. Around the world, governments have already splashed out a whopping £98.7bn on airlines, a figure that could jump by another $25bn (£19.3bn) if [...]
Alex Cruz: Five days to forget for the outbound British Airways boss October 12, 2020 The travel world awoke to a shock this morning as it was announced that British Airways boss Alex Cruz would leave the firm with immediate effect. He departs with aviation mired in the deepest crisis in its history, with passenger numbers still at historic lows due to the coronavirus pandemic. The decision is the first [...]
Netflix to triple London office space as it cashes in on British success stories October 9, 2020 Netflix is set to massively expand its London office space as the US streaming giant doubles down on its commitment to the UK. The streamer will triple its footprint to 100,000 square feet when it moves into the Copyright Building in the West End. Netflix is taking over the lease from outsourcing giant Capita, which [...]